The fastest growing ecosystem in the world
The past decade has witnessed the tremendous rise of the blockchain world, with several industries adopting it for increased security and easier transactions. Blockchain was meant to be a revolutionary idea, and so far it has achieved that purpose. There have been significant advances and technological upgrades to blockchain since it first came into existence, but there are certainly some barriers to further growth. Although, that was not the case for long. The release of Qi Blockchain redefined the entire space and made it even more seamless and user-friendly.
Qi is a blockchain developed for all needs that may arise in the future. It is the only blockchain the world will ever need. It contains Web 3.0, NFTs, De-Fi, Game-Fi, several of the subdomains of the four, and anything and everything you can think of. Moreover, the low transaction fee on the Qi blockchain ensures higher adoption and an increased number of transactions. For example, Ethereum, one of the most popular blockchains, charges $100 as the NFT creation fee, while QIE has capped it at less than one cent.
Another similar example is the transaction fee for stablecoins. While Ethereum averages $15, QIE, on the other hand, has set it at less than a thousandth of a cent. The numbers paint a clear picture of the potential Qi has and how it will transform the future of blockchain.
About the Qi blockchain
Qi is a decentralized blockchain that relies on PoW (Proof of Work) consensus mechanism to verify and record transactions. It is by far the most advanced blockchain with the ability to process more than 2,000 transactions per second (TPS), significantly higher than Bitcoin, which has a speed of 4.6 tps.
Moreover, the Qi blockchain enables the distribution of smart contracts that facilitate the development of projects and decentralized apps (dApps) over it with advanced security protocols, no downtime and free from third-party control. Smart contracts create a peer-to-peer network to perform direct transactions between the parties involved, thus eliminating the need for a central authority.
The Qi blockchain can be used to develop applications in finance, gaming, web surfing, advertising, metaverse, identity management, De-Fi, Web 3.0, supply chain management, and to store data and perform transactions. Qi blockchain offers complete freedom to the end user and is transparent in all aspects, thereby ensuring user privacy.
Future Industry Forecasts for Qi
This is where the fun part begins if you love playing with numbers! According to experts, the blockchain industry is expected to grow at a whopping 85.9% CAGR (Compound Annual Growth Rate). PwC, one of the largest consulting, auditing and accounting firms, stated in its recent report that blockchain is expected to increase the world’s GP by 1.76 trillion dollars. This is not just a guess, but current market trends indicate that it will actually be the case.
Although the market has witnessed several ups and downs and has been mostly volatile in recent years, technological advancements in the field, improved security, the growth of De-Fi games and other industry-oriented projects have tried to solve the problems. have been significant contributing factors to the growth of blockchain. And in the same period, the Qi blockchain became the first choice for both developers and investors. If one were to observe the value of Qie, the original coin on the Qi blockchain, it has maintained a steady curve and experts predict that it will increase in value.
With blockchain industry spending projected to increase to $19 billion by 2024, a 400% jump from where it was in 2020, more advancements are expected in the coming days, and the technology finds application in a large number of uncharted territories. While we’re at it, a report in Yahoo Finance suggested that financial institutions could save up to $12 billion a year by using blockchain technology. Another $17-24 billion could be saved in transaction fees if the securities were moved to the blockchain.
With the world recognizing the true potential of blockchain in recent times, Qi is set to emerge as the biggest market player offering the best to the community. Remember that the world has realized that blockchain is here to stay and is now finding application in all industries, whether big or small. And the Qi blockchain, the most advanced of all, will continue to rise!
To find out more about the Qi blockchain, visit the official website:
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